All Posts Tagged With: "Real Estate"

While the estimated losses of first mortgages come in around $180 million, it is not the live-in homeowners that are causing the financial crisis in the market. It appears that the biggest losses actually originate from commercial real estate loans and investment property loan. Houses also “built on speculation” are also a part of the [...]

If you were a lender of mortgages, would you give out a loan to someone who doesn’t have any documentation to prove how much money they make? Would you provide a loan where the person isn’t even required to pay off the interest each year? How about a loan that would take 50 years to [...]

Depending on where you live in the country, a one bedroom apartment might cost you $300 a month to live in, or $1,100 a month to live in. Movie tickets might cost you $4.50 in rural America, or easily twice that in some of the larger theaters on the west coast. A $100,000 home out [...]

When most people go to purchase a home, they take whatever deal the mortgage lender will give them. Many get “house fever” and want to pursue the American dream so badly that they’ll sign whatever’s put in front of them so they can own their very own home. Many consumers have gotten themselves in real [...]

We recently reported that some of the major US banks including Bank of America, Capital One, Chase and Discover were actively flaunting US Bankruptcy law, and now they’re trying to put the screws to consumers again by opposing “Truth in Mortgage Lending” legislation which is currently working its way through congress.
The US House recently voted [...]

For the last five years or so, many of the nation’s major banks and financial institutions have been originating all sorts of non-traditional mortgages such as interest only loans, adjustable rate mortgages, mortgages with balloons, fifty year mortgages, and a whole slew of other financial products that no consumer should ever buy. Unsurprisingly, many consumers [...]